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Payments Compliance Counsel

Posted Sep 18
Full Time
Austin, Texas

TikTok is the leading destination for short-form mobile video. At TikTok, our mission is to inspire creativity and bring joy. TikTok's global headquarters are in Los Angeles and Singapore, and its offices include New York, London, Dublin, Paris, Berlin, Dubai, Jakarta, Seoul, and Tokyo.

Why Join Us
Creation is the core of TikTok's purpose. Our platform is built to help imaginations thrive. This is doubly true of the teams that make TikTok possible.
Together, we inspire creativity and bring joy - a mission we all believe in and aim towards achieving every day.
To us, every challenge, no matter how difficult, is an opportunity; to learn, to innovate, and to grow as one team. Status quo? Never. Courage? Always.
At TikTok, we create together and grow together. That's how we drive impact - for ourselves, our company, and the communities we serve.
Join us.

About the Team:
The Payments Compliance Counsel will be part of the Global Legal Compliance Payments team reporting into the Global Legal Compliance organization. It is one of the centres of excellence within GLC. We provide strategic guidance and leadership regarding all payments related matters of TikTok globally in order to ensure a consistent global approach towards payments, payments solutions, and money transmission licensing matters.

The ideal candidate should have a good background in payments, product counseling as well as excellent judgment, acute ability to identify issues of first impression, and have the courage to counsel a fast-moving business.

Responsibilities:
- Counsel and partner with product teams on a range of payment issues such as money transfer services, e-money, payment tokens, AML, gifts, stored value cards and facilities relevant to the region. This includes:
- Actively collaborating and providing guidance with a wide variety of internal stakeholders, including product, compliance, business development on a range of issues related to product development and commercialization of global payment projects and services;
- Working closely with colleagues across the global legal team to advise on payment issues in connection with the launch of features, projects or programs or payment solutions; and
- Assisting and providing guidance to the global payments business regarding payments licensing and dealing with regulators.
- Help build scalable and effective processes for legal review and launch of new payment solutions, features and products.
- Stay up-to-date and serve as the subject matter expert of financial service regulations, including AML, money transmission, virtual currency, gifts, stored value cards and facilities, KYC, and KYB in the EU/UK region.
- Participate as a proactive business partner for senior managers and build a trusted advisor relationship with the various businesses within the group, including the TikTok product and global payment businesses.